How the (IGV) price action is used to our Advantage

January 13, 2024, 09:34 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for IGV

• Buy IGV slightly over 392.68 target 412.35 stop loss @ 391.55 Details

The technical summary data tells us to buy IGV near 392.68 with an upside target of 412.35. This data also tells us to set a stop loss @ 391.55 to protect against excessive loss in case the stock begins to move against the trade. 392.68 is the first level of support below 408.68 , and by rule, any test of support is a buy signal. In this case, support 392.68 is being tested, a buy signal would exist.

• Short IGV slightly under 412.35, target 392.68, stop loss @ 413.54 Details

The technical summary data is suggesting a short of IGV as it gets near 412.35 with a downside target of 392.68. We should have a stop loss in place at 413.54though. 412.35 is the first level of resistance above 408.68, and by rule, any test of resistance is a short signal. In this case, if resistance 412.35 is being tested, a short signal would exist.

Swing Trading Plans for IGV

• Buy IGV slightly over 412.35, target n/a, Stop Loss @ 411.16 Details

If 412.35 begins to break higher, the technical summary data tells us to buy IGV just slightly over 412.35, with an upside target of n/a. The data also tells us to set a stop loss @ 411.16 in case the stock turns against the trade. 412.35 is the first level of resistance above 408.68, and by rule, any break above resistance is a buy signal. In this case, 412.35, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short IGV slightly near 412.35, target 403.23, Stop Loss @ 413.54. Details

The technical summary data is suggesting a short of IGV if it tests 412.35 with a downside target of 403.23. We should have a stop loss in place at 413.54 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 412.35, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for IGV

• Buy IGV slightly over 410.51, target 412.35, Stop Loss @ 409.55 Details

If 410.51 begins to break higher, the technical summary data tells us to buy IGV just slightly over 410.51, with an upside target of 412.35. The data also tells us to set a stop loss @ 409.55 in case the stock turns against the trade. 410.51 is the first level of resistance above 408.68, and by rule, any break above resistance is a buy signal. In this case, 410.51, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short IGV slightly near 410.51, target 406.29, Stop Loss @ 411.47. Details

The technical summary data is suggesting a short of IGV if it tests 410.51 with a downside target of 406.29. We should have a stop loss in place at 411.47 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 410.51, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Ishares Expanded Tech-software Sector Etf (IGV) available here: IGV.

IGV Ratings for January 13:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	372.08
P2	406.29	386.86	392.68
P3	410.51	403.23	412.35

AI Generated Signals for IGV

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Ishares Expanded Tech-software Sector Etf (NYSE: IGV) data table below can help you with price action, and we have more details too. Trading plans for IGV are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.